https://www.taxtmi.com/caselaws?id=258570 The adjudicating authority confirmed the seizure and imposition of a redemption fine for unaccounted excess goods found, deeming them liable for confiscation. The Tribunal upheld the redemption fine, emphasizing that it should be determined based on specific facts and circumstances rather than a fixed percentage. The discretion to release goods on payment of the redemption fine must be exercised justly and fairly. The penalty imposed for causing prejudice to revenue was upheld, with no exoneration granted when illegality was established. The appeal and stay application were dismissed, affirming the adjudicating authority's decisions. en-us Thu, 05 Mar 2015 00:00:00 +0530 Tue, 14 Apr 2015 00:38:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258570 The adjudicating authority confirmed the seizure and imposition of a redemption fine for unaccounted excess goods found, deeming them liable for confiscation. The Tribunal upheld the redemption fine, emphasizing that it should be determined based on specific facts and circumstances rather than a fixed percentage. The discretion to release goods on payment of the redemption fine must be exercised justly and fairly. The penalty imposed for causing prejudice to revenue was upheld, with no exoneration granted when illegality was established. The appeal and stay application were dismissed, affirming the adjudicating authority's decisions. Case-Laws Central Excise Thu, 05 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258570